Week 3 Trending Lines Idea 4: EURUSD Line Chart
Upon reviewing the line chart of the EURUSD pair, we observe a potential bullish trend developing, characterized by higher highs and higher lows.
This suggests a likelihood of upward momentum in the price.
Trade Plan:
Entry Point/Buy Stop: 1.0809
Stop Loss: 1.079
Lot Size: 0.53
Take Profit Targets (TP):
TP1: 1.0828 with Risk-Reward Ratio (RR) 1%
TP2: 1.0847 with RR 2%
This suggests a likelihood of upward momentum in the price.
Trade Plan:
Entry Point/Buy Stop: 1.0809
Stop Loss: 1.079
Lot Size: 0.53
Take Profit Targets (TP):
TP1: 1.0828 with Risk-Reward Ratio (RR) 1%
TP2: 1.0847 with RR 2%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.